An Informatics Partnership between the Palestinian Stock Exchange and the Thomas Mary and Amida Organizations

2007-06-27

An Informatics Partnership between the Palestinian Stock Exchange , the Thomas Mary and Amida Organizations

Nablus: The Palestinian Security Exchange signed a partnership agreement yesterday with The International Thomas Mary Organization which is specialized in classifying private and public capital market sectors and the classification of risk levels of the infrastructure for these institutions and also providing more information to financial deposit centers. According to this agreement The Palestine Security Exchange will get news and information and consult the latest developments in the work environment of financial deposit and transfer centers for all Amida Organization members. Just an FYI about Amida, it’s actually a securities deposit center organization for Africa and the Middle East including Palestine and is based in the Arab Republic of Egypt. The agreement allows periodic reports on deposit classification from the Thomas Mary Foundation under the umbrella of the International Organization Amida. On the other hand, this agreement enabled the Palestinian Stock Exchange the use of the Thomas Mary Foundations website for the members of Amida to use so it could market, access data on its own site and modernize it, in addition to accessing depositary and transfer institutions data for the participating countries. Dr. Hassan Abu Libdeh announced about the signed agreement that the participation of Palestine in this agreement comes in the context efforts to spread the market regionally and internationally. Khalid Hamdan, the assistant to the Director of the Center for Deposits and Transfers in the Palestinian Security Exchange, announced that because of this step the market can keep abreast of the latest developments concerning the Center for Deposits and Transfers and keep up with modern technological developments to be able to provide the best quality service for shareholders and maintain their rights.